Cryptocurrency Market News Digest 10.05.2021–16.05.2021

We’re continuing our tradition: every week Symblox will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 10 through 16 of May.

Tesla stopped accepting bitcoin as payment for its cars over environmental concerns regarding the network’s power needs. The price of the asset has taken a downturn, and the community has erupted with criticism.

Daily Ethereum mining revenue has peaked at $100 million, surpassing that of Bitcoin.

Bitcoin’s mining difficulty is at its highest. The first crypto saw its difficulty rate jump by 21.53% to an unprecedented 25 trillion hash per second.

Solana has raised $60 million towards the development of Brazilian, Indian, Russian and Ukrainian projects.

Williston, a city in North Dakota, has announced its partnership with a cryptocurrency payment service BitPay. The partnership will enable citizens to pay utility bills with crypto.

Of course, there was more news last week, so if we missed an important story, feel free to let us know in the comments, and we will be happy to discuss it with you!